Anyone who thinks saving is boring obviously doesn't have our Savings Account. It's perfect for the saver who wants somewhere to transfer their savings and get instant access. You get a bonus interest rate of 1.00% AER/gross variable on top of the standard variable savings rate of 0.05% AER/gross when you take our Savings Balance Transfer offer*.
| How much it pays | |
|---|---|
| 1.00% bonus | Open a Savings Account by phone or online, convert it to our Savings Balance Transfer offer by calling 08 456 100 100 then simply transfer any savings held elsewhere into it. The 1.00% bonus is then applied to everything above your starting balance*. |
| 0.05% AER/gross | The standard variable savings rate applies to both starting balances and any Savings Account not converted to our Savings Balance Transfer offer. |
See our interest rates and charges information for full details.
| How much you can save | |
|---|---|
| £1+ | You can open a Savings Account with just £1. Above that, there's no limit to what you can save. |
| How to manage it | |
|---|---|
| Total control | You can access and control your account online, by telephone or by post. You'll also receive annual paper statements which you can switch off and view online. Register to save paper if you prefer. |
| Withdrawals | Internal transfers to any other first direct account are instant. Transfers to accounts held elsewhere may take longer. |
| Other things you should know | |
|---|---|
| Interest | Interest is calculated daily and paid monthly. |
| Availability | Sole and joint savings accounts are available. |
* At the end of the bonus interest rate period, your account will automatically revert to standard rates and your account number will remain the same. Your bonus is calculated on a daily basis on the money in your account above your 'Starting Balance' and will be paid into your account monthly, on the same date as your normal interest payments are received. The balance on your account is rounded down to the nearest £1 to calculate the 'Starting Balance' (e.g. if your balance as at the previous working day was £1,511.65, your starting balance for bonus interest will be £1,511). If your balance falls below your 'Starting Balance', no bonus interest will be earned until your balance goes over this amount again. The 'Starting Balance' is calculated as the balance of your account as at the calendar day before you start to earn bonus interest. If the account is closed within the 12 month period, bonus interest will not be paid for the month in which the account is closed.
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